About Some Aspects of Excise Tax on Tobacco Product (on the example of Georgia)
Journal Title: Globalization and Business - Year 2016, Vol 1, Issue 1
Abstract
Considering Georgian reality excise tax is one of the most important and a growing component of the fiscal burden for the formation of budget revenue. In fact Georgian authorities plan to increase excise tax on tobacco twice each year. Excise share on tobacco, in the total volume of excise will increase not less than 0.6 percentage points each year. Such a step is taken not only for fiscal policy, but also to some extent it is a concrete socio-political step against the consumption of tobacco products. It is aimed to protect younger generation against the consumption of tobacco products at an early age. The combined total loss caused by the use of tobacco products is not less, but on the contrary, it is consid- erably more than the total quantity of any kind of budget receipts in connection with tobacco industry. The dynamic of tobacco consumption in Georgia is in higher correlation with revenue growth, than with the rise in prices of tobacco products.
Authors and Affiliations
Joseb Archvadze, Irakli Archvadze
Keywords
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